Legend Group Holdings announced plans to raise US$60 million to
US$70 million from domestic and overseas investors for a venture-capital fund aimed at
supporting domestic start-up IT companies.
Legend Group, which is the parent of
China's largest PC maker Legend Holdings, plans to invest about 70 percent of the fund
on IT companies with the remainder to be invested in more traditional companies such as
medical equipment suppliers.
Legend Group will contribute at least half of the fund,
which will have a US$ and RMB portion.